EX-12 5 exh12ratioearnings.htm EXHIBIT 12- RATIO OF EARNINGS exh12ratioearnings.htm
EXHIBIT 12
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
Exhibit 12 - Ratio of Earning to Fixed Charges
(In thousands)
 
   
Years ended December 31
  
   
2008
    
2007
    
2006
    
2005
    
2004
  
Interest expense and amortization of debt expense and premium
   $ 46,945     $ 58,892     $ 54,028     $ 44,098     $ 41,407  
Capitalized interest
     729       764       617       461       398  
Interest in rent expense
     7,337       5,681       4,155       4,059       3,894  
Total fixed charges
   $ 55,011     $ 65,337     $ 58,800     $ 48,618     $ 45,699  
Income before taxes and minority interest
   $ 308,260     $ 264,931     $ 213,094     $ 174,883     $ 127,443  
Plus:
                                        
Fixed Charges
     55,011       65,337       58,800       48,618       45,699  
Amortization of capitalized interest
     438       398       377       358       332  
Distributed income from equity investment
     11,019       7,074       6,668       5,528       3,541  
Less:
                                        
Capitalized interest
     (729 )     (764 )     (617 )     (461 )     (398 )
Income in earnings from affiliates
     (11,334 )     (8,236 )     (7,135 )     (4,790 )     (15,115 )
Minority interest in pre-tax income of subsidiaries
                                        
    that have not incurred fixed charges
     (8 )     (6 )     4       91       (4 )
Earnings as adjusted
   $ 362,657     $ 328,734     $ 271,191     $ 224,227     $ 161,498  
Ratio of earnings to fixed charges
     6.6       5.0       4.6       4.6       3.5